Bankruptcy court approves Pinnacle agreements

Pinnacle Airlines said its agreements on a plan for emerging from Chapter 11 bankruptcy protection have been approved by the bankruptcy court.

Pinnacle Airlines said its agreements on a plan for emerging from Chapter 11 bankruptcy protection have been approved by the bankruptcy court. Under the plan, it will operate a fleet of 81 two-class Bombardier CRJ900s for Delta Air Lines, removing its 140 CRJ200s from service over the next two to three years.
“The agreements together provide a path for the company to emerge from bankruptcy with a competitive cost structure and a viable long-term business plan,” Pinnacle said ...